CALGARY, ALBERTA. November 14, 2007. West High Yield (W.H.Y.) Resources Ltd. (the “Company”) announces that it has received the analysis for drill hole #5 out of the 28 drill holes completed on its 2007 Diamond Drill Program. Drill hole #5 and the previously announced drill holes 1 through 4, were drilled on the Company’s Ivanhoe Ridge claim located near Rossland, British Columbia. The assay results for drill holes 1 through 5 were provided by Assayer Canada of Vancouver, British Columbia. The Company has also submitted cores for the 23 additional drill holes completed in the 2007 drill program to Assayer Canada and anticipates receiving the results in the next few months. In the course of its exploration activities on the Ivanhoe Ridge claim, the Company intersected broad zones of Ultramafic rock containing magnesium, nickel, cobalt, and magnetite mineralization. Hole #5 on the claim had significant results over 80.92 meters true width averaging a grade of 24% magnesium and a nickel grade of 0.2145%. The five holes averaged 25.3% Magnesium and 0.2164% Nickel. The chart below summarizes the results for the first five drill holes.
|Grid Location||DDH IV0 7||Hole Angle||Depth Metres||Length metres||Nickel
|118 m N
100 m E
|200 m N
115 m E
|304 m N
125 m E
|388 m N
125 m E
|Ivanhoe Ridge South Average||142.42||0.2164||105||0.36||5.9||25.3|
Disclaimer: The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
The Company also announces the resignation of Wayne Wilson, who has stepped down as the Company’s Chief Financial Officer. The Board of Directors wishes to thank Mr. Wilson for his hard work and dedication to the Company from its inception. The Board of Directors also announces the appointment of Dwayne A. Vinck as the Company’s new Chief Financial Officer effective October 26, 2007. Mr. Vinck is a financial consultant and Chartered Accountant with over twenty years of business experience. He is a member of both the Institute of Chartered Accountants of Alberta and the Institute of Internal Auditors. Pursuant to the Company’s stock option plan and subject to regulatory approval, Mr. Vinck was granted
250,000 commons shares of the Company at a price of $0.40 per share for a five year term with vesting over a three year period.
The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.
About West High Yield
West High Yield is a junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold and nickel properties.
|For further information please contact:|
President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. 28 Arbour Lake Drive N.W.,
Calgary, Alberta T3G 3N8 Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: [email protected]
|Craig G. Robson
Vice President, Corporate Development and Investor Relations
West High Yield (W.H.Y.) Resources Ltd. Suite 620, 800 West Pender Street Vancouver, B.C. V6C 2V6
Telephone: (778) 886-7961
Facsimile: (604) 274-1431
The TSXV has neither approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward-looking statements, including management’s assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with mining exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other explorers and producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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